National Housing Fund (NHF) – A government-backed mortgage plan managed by the Federal Mortgage Bank of Nigeria. It offers the lowest interest rate in the country at 6%, with a repayment period of up to 30 years and a maximum loan amount of ₦50 million.
Per Month
6%
Interest Rate
Semi Finished
Finishing Level
₦120,000,000
Finishing Level Price
58.33% (₦70,000,000)
Minimum Initial Deposit
₦50,000,000
Max Loan Amount
30 years
Max Payment Period
Per Month
0%
Interest Rate
Shell
Finishing Level
₦120,000,000
Finishing Level Price
20% (₦24,000,000)
Minimum Initial Deposit
15 years
Payment Period
Per Month
0%
Interest Rate
Shell
Finishing Level
₦120,000,000
Finishing Level Price
25% (₦30,000,000)
Minimum Initial Deposit
12 years
Payment Period
MREIF - Managed by the Ministry of Finance Incorporated, this plan offers mortgages at 9.75% interest, with a repayment period of up to 25 years and a maximum loan amount of ₦100 million.
Per Month
9.75%
Interest Rate
Semi Finished
Finishing Level
₦120,000,000
Finishing Level Price
16.67% (₦20,004,000)
Minimum Initial Deposit
₦100,000,000
Max Loan Amount
20 years
Max Payment Period
One-Time Payment
Shell
Finishing Level